In this paper we present a spatially homogeneous locally-rotationally-symmetric (LRS) Bianchi type-V cosmological model with perfect fluid and heat flow. A general approach is introduced to solve Einstein’s field equations using a law of variation for the mean Hubble parameter, which is related to average scale factor of the model that yields a constant value for the deceleration parameter. Exact solutions that correspond to singular and non-singular models are found with heat flow. The physical constraints on the solution and, in particular, the thermodynamical laws that govern such solutions are discussed in some detail.

The effect of dark energy on the end state of spherical radiation collapse is considered within the context of the cosmic censorship hypothesis. It is found that it is possible to have both black holes as well as naked singularities.